Mark Ferguson August 13, 2015 One question however: Hi Mark, can you have a real estate license and still do wholesale deals Can a licensed “real estate salesperson” do wholesales legally? I checked my state (NJ) website for a “real estate brokers” license and it states “In addition, applicants must have been continually licensed and employed on a full-time basis as a New Jersey real estate salesperson for the three years immediately preceding application.”, experience I wouldn’t have since I’m starting out. I don’t have money to double close.
Business Tools Brett Snodgrass on January 27, 2016 9:09 am Civil Litigation, Trial and Appellate Practice
2060 North Loop West Ste. #220 I like the laying foundation and Kansas City, KS (15)
Investing in Apartment Buildings: Create a Reliable Stream of Income and Build Long-Term Wealth September 27, 2013 at 10:45 am Free Monthly Update Excellent critique of this post. It is not only unfair but disingenuous. Particularly for new investors trying to carve through all the opinion pieces to get to useful information.
Why do you want to invest in real estate? Is it for the money you make wholesaling houses? The time freedom of being a real estate investor? The lifestyle of being a real estate wholesaler?
Retail 4.3 out of 5 stars 68 Hey Seth, Best of luck, Distribute flyers with the property information on it throughout the neighborhood
Financing Share this: Lien Removal Attorney Finance PLS “The best deals for REO’s can be found from HUD. HudHomeStore.com has HUD foreclosures listed for sale with lots of information. If you are looking for a house to live in and flip, this is your best bet. You can bid on many of the houses before investors that won’t be living in the house are allowed to bid. This is a huge advantage and how I bought my first house.”
Publisher: Smart Lazy Investor; 1 edition (March 23, 2013) 7.) Large Apartments – These buildings are the larger, nicer complexes you see all around the country, often times in upper-middle class neighborhoods in the suburbs. They often include pools, work-out rooms, full time staff, and high advertising budgets. These properties cost tens of millions of dollars to buy but can produce solid returns with minimal hassle.
Broker Price Opinion [BPO] is a report that only licensed appraisers can prepare to value homes. You can work as a BPO report maker if you are a licensed agent. You will be comparing several homes for pricing with the relevant statistics and commentary for the benefit of home sellers. As a real estate agent preparing BPOs, you can earn anywhere from $30 to $100. The job is simple and easy with many BPOs requiring an inspection of homes or just having the pictures of exteriors and interiors.
This will cover you for most liability purpose for instance if the property is 1250 sqft and you marketed the property as 1289 sqft. This is not done intentional but mistakes do occur with the tax records or mls records.
I’ve mentioned in other articles that in my nine years as a real estate investor, I have never assigned a contract. Well, that was true until a week ago, and boy, I will never make that mistake again!
Take over the seller’s mortgage payments, even if mortgages are ‘not assumable.’ The ‘due on sale’ is only a clause and not a law. If you take control of a property via a quitclaim deed and take over the loan payments – as long as you make timely payments, the lender will not mind nor will they enforce the policy clause. In the meantime (since the investor has full control of the property) they can market and sell it, retaining with any proceeds from the sale.
NaTarrio Jones on August 13, 2016 6:13 pm Do you use a title company when you buy/sell land?
✔ Vacant Properties with Out of State Owners Unlock homeowners contact information, comparables, access the newest properties that our FREE/GUESTS Members can’t see. Now, the key here is to not use your cash flow. You use it only to save up for another investment as much as possible. This takes lots of willpower and other sources of income. But, it’s almost guaranteed that if you do save the cash flow, it’ll be worth increasing your money!
12 Tips on Setting your financial goals Part Two FREE STARTER KIT CONTINUE Finding the property before you find the buyer is like buying a fast car before you have a license . . .
WILL MOORE on April 4, 2017 11:59 am Real Estate Agents Reveal the Toughest Home Buyers They’ve Ever Met
Save time and money with Buildium® property management software. 114 Comments
October 7, 2016 at 4:39 pm Mega Capital Funding Inc. – Calabasas, CA 91302
I’m a little confused by your example, in the case of assigning the contract. Are you saying that the wholesaler offers the seller $52K, and then assigns the contract to the end buyer at $60K? I’m a little confused how the $8K assignment fee is applied. Can you clarify this process a little further?
Ohio National Financial Services Review Kind regards, REIClub Newsletter I hate to recommend courses because each one offers something a little different. I would suggest listening to Sean Terry’s Flip 2 Freedom Podcast, or Joe McCall’s Podcast. If I were to purchase a course I would do Flip 2 Freedom, however Sean Terry gives a lot of material away free.
Prosper Review Quinn Richardson on January 13, 2017 9:33 am Turn on 1-Click ordering for this browser 3 Easy Ways to Make 15% More Money on Your Rental Property January 22, 2018
Paul on April 19, 2017 1:13 am like a dazzling in casual street-wise argot. Paul’s Get My New Book! Many of the foreclosures are not really a great value, as REO’s [real estate owned] by banks usually have Brokers representing their foreclosures, but for those that are offered on the Court House steps in an open bidding process at a designated time can sometimes be purchased under market value. Do your research and know the possible values, and don’t forget this is an all cash transaction, due and payable at the auction, and sometimes Cashiers Checks may be acceptable.
As with anything, there are pros and cons to every approach. Here is a nice graphic from one of our presentations that provides a nice overview:
Lee Johnson says: How Much Money Do The Top Income Earners Make? (1286)
Assignment of Option Thank you for reading… Hi Juliet, Nice to hear about other Johannesburg people active on Bigger Pockets. I’ve been here a while mainly listening to the podcasts, and preparing my strategy. Have already got a 16 unit property but looking for more. What part of JHB are you in ? looking to meet up with other investors to share info. I haven’t figured out how wholesaling works in SA yet ! Good luck, see you around.
We wholeheartedly agree with Stacy. After all, all of the software in the world won’t help you make money if you don’t take the time to learn how to generate, nurture, and close leads. If you want leads to work with right away, check out Zillow Premier Agent.
4 Ways To Save Money – Live Within Your Means Old Misery was created by Wren, who had been the seventeenth century builder
For the next 180 days, we would be willing to invest our time and resources to find a cash buyer at no cost to you. If/when we are able to find a buyer, we will coordinate with you and the buyer to schedule a closing and ensure that you are paid the full amount listed in this purchase agreement.
Hey Frederick. Thanks for commenting! Are you referring to renting out rooms in a big house? I didn’t think of that one but actually – my first way of making money in real estate was doing this in college. I rented an apartment and then ended up renting out each room to different guys. I liked the money so much I ended up moving onto the couch in the living room and renting my room out so I would make more! It is a great way to learn how to deal with deadbeat tenants! One of mine still owes me money!
James Phillips on December 22, 2016 4:59 pm There are few better ways to learn the ins and outs of residential redevelopment than wholesale real estate investing.
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